Guideline Value

Corporate

Guideline Value for POOMAGAL 1ST ROAD (STREET)

₹5500/sq.ft.

The guideline value for Poomagal 1st Road (street) in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Poomagal 1st Road (street)

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Poomagal 1st Road (Street) guideline value

The current guideline value of Poomagal 1st Road (Street) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and is classified under Residential Special Type - I. The street falls under the Chennai South Joint I SRO.

How the guideline value of Poomagal 1st Road (Street) has changed

The guideline value for Poomagal 1st Road (Street) has seen several revisions over the years. In 2012, the guideline value was Rs 5,000 per sq.ft. This figure decreased to Rs 3,350 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 5,000 per sq.ft. The latest revision in 2024 set the guideline value at Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, indicating that Poomagal 1st Road (Street) is above this median.

Stamp duty and registration fee for property in Poomagal 1st Road (Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value is Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total costs together Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Poomagal 1st Road (Street)?

The Sub Registrar Office that covers Poomagal 1st Road (Street) is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ekkaduthangal

The guideline value is a critical factor during the registration of property transactions in Ekkaduthangal. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum sale price for registration purposes. This ensures that transactions are recorded at a value that reflects the current market conditions as set by the registration department.

Frequently asked questions

What is the current guideline value of Poomagal 1st Road (Street)?

The current guideline value of Poomagal 1st Road (Street) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then increased to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024. This shows a significant increase from 2017 to 2023 and a smaller increase from 2023 to 2024.

What is the land classification for Poomagal 1st Road (Street)?

Poomagal 1st Road (Street) is classified under Residential Special Type - I. This classification is important for understanding the zoning and usage of the land.

Where can I find the Sub Registrar Office for Poomagal 1st Road (Street)?

The Sub Registrar Office for Poomagal 1st Road (Street) is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. This office handles all registration activities for the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value of the property. For example, for a property valued at Rs 55,00,000, the stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000.